The World Bank has initiated the first issuance of digital securities on Euroclear’s newly launched Digital Securities platform.
Euroclear’s Digital Financial Market Infrastructure (D-FMI), a platform based on distributed ledger technology, facilitates the establishment, issuance and settlement of international securities digitally, all under English law, according to a Tuesday press release.
The World Bank said it has raised 100 million euros ($105.9 million) from the three-year digital bond, dedicated to backing its sustainable development projects, with the bond making its debut on the Luxembourg Stock Exchange.
The bond’s release involved Citi overseeing the issuance and…
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